Fiera Capital (TSE:FSZ) Hits New 1-Year Low - Here's Why

Key Points

• Fiera Capital fell to a new 52-week low of C$2.77, last trading at C$2.83, while its 50-day and 200-day moving averages stood considerably higher at C$3.96 and C$5.07.
• Multiple research firms cut their price targets, with ratings ranging from “Hold” to “Sector Perform.” The consensus rating is Hold, with an average target price of C$2.76.
• The company reported C$0.21 in quarterly EPS on C$155.14 million in revenue, but carries a notably high debt-to-equity ratio of 350.73 and had a market capitalization of about C$292.4 million.

Fiera Capital Co. (TSE:FSZ - Get Free Report) reached a new 52-week low on Monday. The stock traded as low as C$2.77 and last traded at C$2.83, with a volume of 243,092 shares changing hands. The stock had previously closed at C$2.82.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FSZ. Desjardins reduced their target price on shares of Fiera Capital from C$4.00 to C$3.00 and set a "hold" rating for the company in a report on Tuesday, October 20th. TD lowered their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating on the stock in a report on Monday, August 10th. RBC Dominion Securities dropped their price target on shares of Fiera Capital from C$5.00 to C$4.70 and set a "sector perform" rating for the company in a research report on Thursday, October 15th. Scotia reduced their price objective on shares of Fiera Capital from C$5.75 to C$4.25 and set a "sector perform" rating for the company in a research note on Monday, October 26th. Finally, National Bank Financial decreased their price objective on shares of Fiera Capital from C$5.00 to C$3.25 and set a "sector perform" rating on the stock in a research report on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Fiera Capital presently has a consensus rating of "Hold" and an average target price of C$2.76.

Fiera Capital Price Performance

The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55. The company has a market capitalization of C$292.37 million, a P/E ratio of 15.33, a P/E/G ratio of -0.87 and a beta of 1.03. The firm's fifty day moving average is C$3.96 and its 200 day moving average is C$5.07.

Fiera Capital (TSE:FSZ - Get Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.21 EPS for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The firm had revenue of C$155.14 million for the quarter. As a group, analysts predict that Fiera Capital Co. will post 1.09 earnings per share for the current fiscal year.

About Fiera Capital

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.

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